About Magic Internet Money
Market Stats
Market Cap
Not enough data
FDV
$697.24M
Circ. Supply
Not enough data
Max Supply
Not enough data
Total Supply
699M MIM
Performance
Popularity
Not enough data
Dominance
Not enough data
Volume (24H)
$76.83K
-33.65%
Volume (7D)
$688.94K
Volume (30D)
$3.42M
All time high
$2.71
Price Change (1Y)
0.17%
Additional info about Magic Internet Money
Recent trends
The latest MIM price is $1.00. Compared to Magic Internet Money's value of $1.00 from 24 hours ago, there's been a 0% increase, while the current price is -0% down from $1.00 which was recorded one week ago. Magic Internet Money's all time high is $2.71, which was reached on July 22, 2023. This is a -63% change from its price today.
The fully diluted valuation of Magic Internet Money is $697.24M. The diluted valuation of Magic Internet Money is $697.24M.
Market details
MIM vs markets
↘ 21.4%
MIM vs BTC
↘ 33.72%
MIM vs ETH
↗ 48.21%
Tags
mineable
stablecoin
Network & Addresses
Network | Address | |
|---|---|---|
Ethereum | 0x99D8a9C45b2ecA8864373A26D1459e3Dff1e17F3 | |
Avalanche C-Chain | 0x130966628846BFd36ff31a822705796e8cb8C18D | |
Solana | HRQke5DKdDo3jV7wnomyiM8AA3EzkVnxMDdo2FQ5XUe1 | |
Arbitrum | 0xFEa7a6a0B346362BF88A9e4A88416B77a57D6c2A |
Price history
Time | Price | Change |
|---|---|---|
Today | $1.00 | ↗ 0.24% |
1 Day | $1.00 | ↗ 0.07% |
1 Week | $1.00 | ↘ 0.31% |
1 Month | $1.00 | ↘ 0.45% |
1 Year | $1.00 | ↗ 0.17% |
FAQ
Magic Internet Money(MIM) is a pegged stablecoin backed by yield-bearing crypto assets. Abracadabra is the platform that allows users to mint Magic Internet Money tokens when users provide collateral in the form of yield-bearing cryptos. Later with the borrowed MIM, you can swap it with other stablecoins. The platform utilizes Kashi Lending Technology that provides isolated lending markets to the users to adjust their risk according to the decided collateral. Kashiis a lending platform that seeks to allow users to build gas-efficient and customized markets for borrowing, lending, and collateralizing DeFicoins or stablecoins. Abracadabra seeks to provide an opportunity to the users to utilize the locked-in capital for future use.
The purpose of utilizing Kashi is to allow users to aim to leverage their yield-bearing tokens. With Abracadabra, the platform executes the goal with a one-click user interface that does the work automatically. Also, unlike the other platforms where the users face the risk during liquidation events, at Abracadabra, the risk is isolated from owning individual liquidation. If the user opens two collateralized debt positions, they can set their tolerance accordingly. So, if a tokenhas more chances of depreciating value, users can borrow less MIM.
The MIM is a multichain token, and you can use Anyswap to bridge MIM across various networks. Anyswapis a decentralized cross-chain swap protocol to swap coins or tokens on any blockchain. Several mechanisms keep it pegged as MIM is fixed at the USD level. Users in hold debt acquire MIM below 1 USD creating a price rising effect, whereas a user holding valid collateral witness MIM above 1 USD will try to trade the MIM, which will have a price lowering effect. Also, the user can swap MIM with other stablecoins by choosing the stable asset they wish to switch into choosing the max slippage and gas price to execute the transaction.
We update our Magic Internet Money to USD currency in real-time. Get the live price of Magic Internet Money on Coinbase.
The current market cap of Magic Internet Money is $0.00. A high market cap implies that the asset is highly valued by the market.
The all-time high of Magic Internet Money is $2.71. This all-time high is highest price paid for Magic Internet Money since it was launched.
Over the last 24 hours, the trading volume of Magic Internet Money is $76.83K.
Assets that have a similar market cap to Magic Internet Money include Bitcoin Pizza Day, FileStar, Retik Finance, and many others. To see a full list, see our comparable market cap assets.
The current circulating supply of Magic Internet Money is 0.
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Terms apply. Sum of median estimated savings and rewards earned, per user in 2021 across multiple Coinbase programs (excluding sweepstakes). This amount includes fee waivers from Coinbase One (excluding the subscription cost), rewards from Coinbase Card, and staking rewards.
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Legal
Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset.
Certain content has been prepared by third parties not affiliated with Coinbase Inc. or any of its affiliates and Coinbase is not responsible for such content. Coinbase is not liable for any errors or delays in content, or for any actions taken in reliance on any content. Information is provided for informational purposes only and is not investment advice. This is not a recommendation to buy or sell a particular digital asset or to employ a particular investment strategy. Coinbase makes no representation on the accuracy, suitability, or validity of any information provided or for a particular asset. Prices shown are for illustrative purposes only. Actual cryptocurrency prices and associated stats may vary. Data presented may reflect assets traded on Coinbase’s exchange and select other cryptocurrency exchanges.